City of Columbus - File #: 1000-2003

• File #: 1000-2003
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 5/13/2003
• In control: Safety Committee
• On agenda: 6/30/2003
• Final action: 7/1/2003
• Title: To authorize a supplemental appropriation of $40,000.00 from the unappropriated balance of the Municipal Court Clerk Collection Fee Special Revenue Fund, to authorize the Director of the Department of Finance on behalf of the Clerk to issue a blanket purchase order to National City Bank for the purpose of paying bank fees, to authorize the expenditure of $190,000.00 from the Collection Fee Fund and to declare an emergency. ($40,000.00) ($190,000.00)

Date	Ver.	Action By	Action	Result
7/1/2003	2	MAYOR	Signed
7/1/2003	2	CITY CLERK	Attest
6/30/2003	1	Columbus City Council	Amended to 30 day	Pass
6/30/2003	1	Columbus City Council	Approved	Pass
6/30/2003	1	Columbus City Council	Waive the 2nd Reading	Pass
6/30/2003	2	COUNCIL PRESIDENT	Signed
6/26/2003	1	Finance Reviewer	Reviewed and Approved
6/26/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/26/2003	1	EBOCO Reviewer	Sent for Approval
6/26/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/26/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/26/2003	1	EBOCO Reviewer	Sent for Approval
6/26/2003	1	ODI DIRECTOR	Reviewed and Approved
6/26/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/25/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/25/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/25/2003	1	Finance Reviewer	Reviewed and Approved
6/25/2003	1	FINANCE DIRECTOR	Reviewed and Approved
6/24/2003	1	City Clerk's Office	Sent back for Clarification/Correction
6/18/2003	1	Auditor Reviewer	Reviewed and Approved
6/18/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/18/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/18/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/18/2003	1	CITY AUDITOR	Reviewed and Approved
6/18/2003	1	CITY ATTORNEY	Reviewed and Approved
6/18/2003	1	MuniCrtClerk Drafter	Sent to Clerk's Office for Council
6/17/2003	1	EBOCO Reviewer	Reviewed and Approved
6/17/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/13/2003	1	Finance Reviewer	Reviewed and Approved
6/13/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/12/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/11/2003	1	MuniCrtClerk Drafter	Sent for Approval
6/11/2003	1	MUNICRTCLERK DIRECTOR	Reviewed and Approved
5/19/2003	1	Finance Reviewer	Reviewed and Disapproved
5/14/2003	1	MuniCrtClerk Drafter	Sent for Approval
5/14/2003	1	MUNICRTCLERK DIRECTOR	Reviewed and Approved
5/14/2003	1	MuniCrtClerk Drafter	Sent for Approval

Explanation

June 11, 2003

TO THE HONORABLE MEMBERS OF CITY COUNCIL:

BACKGROUND: The Franklin County Municipal Court receives earnings credits on the funds left on deposit with National City Bank. These earnings are used to offset bank fees. The rate is based on market interest rates and has followed the steep decline in those rates from a level of 5.83% in December, 2000 to the current rate of 1.12%. This decline has created a bank fee liability of $103,065.76 from December, 2000 through April, 2003. In working with the City Auditor surplus funds have been identified in the Court Clerk Collection Fee Special Revenue Fund. Not withstanding the intended use of this fund it is agreed that using these surplus funds to meet contractual obligations with the bank will avoid further burden on the City General Fund. The past due, current and future totals through the end of the current contract year owed to the bank are estimated to be $190,000.00. Emergency declaration is requested in order to start paying the past due obligations in the soonest time possible.

FISCAL IMPACT: Coupled with $150,000.00 already available in the Court Clerk 2003 appropriations an additional $40,000.00 would need to be appropriated. The expenditure of $190,000.00 is contingent on passage of the appropriation portion of this Ordinance.



Title

To authorize a supplemental appropriation of $40,000.00 from the unappropriated balance of the Municipal Court Clerk Collection Fee Special Revenue Fund, to authorize the Director of the Department of Finance on behalf of the Clerk to issue a blanket purchase order to National City Bank for the purpose of paying bank fees, to authorize the expenditure of $190,000.00 from the Collection Fee Fund and to declare an emergency. ($40,000.00) ($190,000.00)


Body
Whereas, the Municipal Courts' earnings credits on the funds left on deposit with National City Bank have declined...